What is Supply Chain Convergence?
Supply chain convergence is simply the coming together of different aspects of the supply chain functions such as transportation, shipping, warehousing, inventory management, etc. toward a unified approach. Supply chain convergence removes silos within the organization.
The integration of the various function within the supply chain requires an enterprise-wide approach, and the consolidated information created thereof makes way for supply chain processes without any barriers.
With intermittent disruptions across global supply chain, the advantages of supply chain convergence are becoming increasingly important across verticals, be it automotive or life sciences. A clear picture — with synchronized, data-driven processes across procurement, inventory and warehouse management, and transportation — makes it possible for a supply chain to perform at the optimal level.
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